The NEC MultiSync PA242 has a response time of 8msms, but the LG 32LS33 is a 9msms response time PC monitor (1ms slower).
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The response time on a PC monitor is a measure of how quickly the monitor reacts to image data sent by the computer's graphics card. Fast response times are particularly important for gamers, who should ideally look for a response time of 8 milliseconds or less.

A faster (shorter) response time is better because fast moving graphics will appear smoother and the gaming experience will feel more responsive.

Five USB 2.0 ports
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The NEC MultiSync PA242 has five USB 2.0 ports, however the LG 32LS33 only has one USB 2.0 port.
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USB 2.0 ports are used to connect peripherals such as a kayboard, mouse, or external drive to your computer via your monitor. The USB 2.0 port can also be used for USB flash drives.

Having a number of USB 2.0 ports on your monitor is particularly useful for laptops where you frequently disconnect the laptop from the monitor. Just one USB connection from your laptop to your monitor will immediately connect all your other USB devices that are attached to the monitor.

Four more USB Type-A downstream ports
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The NEC MultiSync PA242 is a five USB Type-A downstream port PC monitor, whereas the LG 32LS33 only has one USB Type-A downstream port.

Significantly lower power consumption when in PowerSave mode
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The NEC MultiSync PA242 has a power consumption when in PowerSave mode of 2WW, whereas the LG 32LS33 is a 30WW power consumption when in PowerSave mode PC monitor (28W higher).

2W lower power consumption in economy mode
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The NEC MultiSync PA242 has a power consumption in economy mode of 28WW, whereas the LG 32LS33 is a 30WW power consumption in economy mode PC monitor (2W higher).

The LG 32LS33 has a response time of 9msms, however the NEC MultiSync PA242 is an 8msms response time PC monitor (1ms faster).
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The response time on a PC monitor is a measure of how quickly the monitor reacts to image data sent by the computer's graphics card. Fast response times are particularly important for gamers, who should ideally look for a response time of 8 milliseconds or less.

A faster (shorter) response time is better because fast moving graphics will appear smoother and the gaming experience will feel more responsive.

Only one USB 2.0 port
Edit

The LG 32LS33 is a one USB 2.0 port PC monitor, whereas the NEC MultiSync PA242 only has five USB 2.0 ports.
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USB 2.0 ports are used to connect peripherals such as a kayboard, mouse, or external drive to your computer via your monitor. The USB 2.0 port can also be used for USB flash drives.

Having a number of USB 2.0 ports on your monitor is particularly useful for laptops where you frequently disconnect the laptop from the monitor. Just one USB connection from your laptop to your monitor will immediately connect all your other USB devices that are attached to the monitor.

One less DVI port
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The LG 32LS33 has DVI ports, however the NEC MultiSync PA242 only has one DVI port.

Four less USB Type-A downstream ports
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The number of USB Type-A downstream ports on the LG 32LS33 is one, but the NEC MultiSync PA242 only has five USB Type-A downstream ports.

Hugely higher power consumption when in PowerSave mode
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The LG 32LS33 has a power consumption when in PowerSave mode of 30WW, but the NEC MultiSync PA242 is a 2WW power consumption when in PowerSave mode PC monitor (28W lower).

2W higher power consumption in economy mode
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The LG 32LS33 has a power consumption in economy mode of 30WW, but the NEC MultiSync PA242 is a 28WW power consumption in economy mode PC monitor (2W lower).

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5 Reasons Against

31% smaller screen size
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The NEC MultiSync PA242 is a 24.1"" PC monitor. That's 7.45" smaller than the LG 32LS33 (24.1"").
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The display diagonal is a measure of the size of the monitor. It is measured from one corner of the screen to the diagonally opposite corner of the screen.

A bigger display diagonal means that the screen will be larger and better for displaying lots of content or for seeing the detail in photos and videos.